The agreement is part of a series of actions that DEDC has initiated to open new avenues for investors and local exporters which will motivate them to develop their businesses. This will further boost technical and legal co-operation between the companies and enhance export channels. The MoU will eventually make the indigenous products more competitive globally.

"ESMA comprises selected eligible technical resources, and has several activities and programmes to raise awareness on global standards and specifications. We will continue to co-operate with the authority to provide standard specifications adapted to the state's export operations," said Saed Al Awadi, Chief Executive Officer, DEDC. "The MoU will help us develop a time schedule for implementing joint actions related to the exchange of information, organisation of activities and host events to raise the level of national industries," he added. The MoU is a joint action to avoid the technical obstacles imposed by international trade laws on national products, as well as participate in organising seminars, lectures and workshops that will serve the objectives of both parties.

"ESMA aims to support the national economy and development plans, a goal that we share with Dubai Export Development Cooperation. Through this partnership, we will implement work programmes and serve the domestic fleet by providing the latest information on products' standards and specifications in potential markets which will intensify the local export sector," said Walid bin Falah Al Mansouri, Director General, ESMA.